USA Class 2 E-bikes Market to Reach $4 Billion by 2029 with 20.80% CAGR

Due to the growing popularity of electric bikes in the United States, the classification of e-bikes has become increasingly important. One particular classification gaining attention is the Class 2 e-bike, which is equipped with a throttle-assist and has a maximum speed of 20 mph.

While Class 2 e-bikes are allowed in most places that traditional bicycles are, some states and cities are opting for additional restrictions. For example, New York City and Michigan State have implemented limitations on where Class 2 e-bikes are permitted. It’s also worth noting that Class 2 e-bikes may not be suitable for singletrack mountain bike trails, as they can cause greater physical damage due to the throttle-actuation. Instead, they may be better suited for multi-use OHV trails designed for more rugged off-road vehicles.

In the United States, there are three classes of electric bikes, each with different means of acceleration and top speeds. Class 1 is pedal-assist without a throttle, Class 2 has a throttle assist with speeds up to 20 mph, and Class 3 has no throttle, with speeds up to 28 mph.

According to market research, in 2022, urban e-bikes accounted for 48.96% of the United States Class 2 e-bikes market. This product segment is poised to reach $1,614.55 million by 2029, a significant increase from $506.33 million in 2022.

The United States Class 2 e-bikes market was valued at $1,034.12 million in 2022 and is projected to reach $3,983.74 million by 2029, at a CAGR of 20.80% during the forecast period of 2023-2029. As more people seek alternative modes of transportation and recreation, the demand for Class 2 e-bikes is expected to continue to rise.

Companies Covered – Rad Power Bikes, Aventon, Lectric, Pedego, Himiway, Ariel Rider, Blix, Juiced, Super73, Ride1UP, QuietKat

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